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with the united states. we are your number one exporter relation between colombia and the u.s. do you feel that the current administration is doing enough to encourage colombian trade? is there something more that can be done? what is your wish-list for your country related to the united states? >> but at least to have congress ratify the free-trade agreement with colombia, the free-trade agreement we negotiated and closed with the united states during the previous administration. liz: david has one more question. david, go ahead. david: it is related to the problems in mexico. as you know corruption is endemic in mexico. there is so much corruption that has gone on for so many decades in mexico. again a lot of businesses are reluctant to get in because of that. if you're going to clean up the drug problem in mexico as you did in colombia, you have to deal with corruption. particularly among the police who are supposed to go after the drug dealers, not work with the drug dealers. how do you deal with a corruption problem in a place like mexico? >> no, no. i can not speak about mexico. i ha
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just up .02%, but russell 2000 up as well. when the bell rings, the action begins, a former hedge fund manager who says the federal reserve does have a secret weapon that a lot of people aren't talking about that it could fire this week. it's not more money printing we're talking about. also, we have a fox business exclusive interview with legendary investor mark babier, he's going to outline the five reasons why he thinks equities could fall, but first, today's data download. stocks ended the day in the green but well off session highs. energy and financials were the best performing sectors while consumer staples and utilities did lag. the dow hit its highest level since december 2
the past two years the united states increased its production of crude oil and natural gas liquids by 1.3 million barrels a day. by the end of this year it may be two million barrels a day. that is on a base of five. david: that is enough to move the price in the market? >> that is i am men's. it can -- immense. it can move the price in the market. liz: meaning more energy jobs available. what are the numbers? the obama administration said 600, 700,000 jobs could be created. do you feel that is a ballpark figure? >> that the number for natural gas, 600,000 is for natural gas. oil is probably another two million jobs. combination of these two technologies can bring back more than a third of the jobs that were lost in the great recession. liz: but there would be training involved. just doesn't happen instantaneously, does it? >> no. it happens over time, over two, three, 4-year period. but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrel
that by hundreds of companies from the united states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by low-quality stocks, there is a lot that can go on but you want return and you do have to own the higher-quality companies and the global footprint. you have to have some of your money in those. dave: there was one this sense that this vote. you think richard fisher, head of dallas fed where you used to work if he was a voting member as he used to be that he would be anot
of physical gold is actually bought outside the united states. actually, outside the developed world enter emerging markets. we have seen in the u.s.s. cole be more of a trading vehicle, and only now we are seeing the adoption of physical gold chemical ets, and gold investment. gold in and of itself is much more of an emerging market phenomenon the start to come to the u.s. liz: we have breaking news. robert gray. >> reporter: cyber attacks. we talked about bank of america. nyse was the subject of an attack. it did not report what today. flashpoint partners is saying the new york stock exchange website is a subject of a distributed denial of service attacks. although it appears to have been unsuccessful so far in taking the stage website of flight. i can't confirm go i just wanted a site for. the twitter account, saudi anonymous one which really ticked by hitting the website as the actor behind the attack. now, separately is says the j.p. morgan chase is likely due to a sustained de dos attacked, distributed denial of service attack. this is the bank of america was hit with, something simi
in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't peak out for another four or five years in the real estate market. a couple sectors we think have real legs to grow much higher. david: david, back to you. we have a credit crunch going on. the fed, both the fed and politicians, try to make sure we don't have the same kind of bubble in housing we did before. large companies can get around this in a way small companies can't going directly into the markets themselves. for that reason, would you prefer a large cap company over a small cap company right now? >> yes, absolutely. for the reasons you cite. number one, they do have access to credit. number two, they do have strong balance sheets, clean, and a lot
reluctance to spend money as well. we have to ask ourselves, is the united states of america right now and environment that welcomes business and welcomes risk-taking? and when you look at new regulations and when you look at the antagonistic view of so many folks in washington for the pharmaceutical industry, the hmo industry, the banking sector, the energy sector, before you know what they are like that turn on a tank. eventually aiming at every single industry except the solar industry. if you are importing solar panels and china your being in debt as well. david:, former white house economic adviser. thank you. he is author of why we thrive in the rat race, also head of the tiger hedge fund. well, mitt romney promises that his policies will help create 12 million jobs. there are not a lot of specifics immoral least there were not allowed given in the republican convention. how will it be done? carlos gutierrez tells us in a detailed plan coming next. liz: sending out invitations for a big event next week. what new products could detect and reveal? it might be in the shadow. that st
Search Results 0 to 7 of about 8

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